Across
- 6. As SME organisations grow in scale and complexity it is necessary to ensure the governance frameworks and skills of directors are ___________ with the additional challenges of growing larger corporations.
- 7. The type of responsibility exhibited in an organisation’s demonstrable commitment to ethical standards and its appreciation of the social, environmental and economic impact of its activities on the communities in which it operates.
- 9. Silicon Valley is supported by a complex _________ capital framework that not only directs financial capital to emerging companies but also assists in supporting and directing the growth of these businesses.
- 10. Acceptance of all consequences of the organisation’s behaviour and actions, including a commitment to improvement where required.
Down
- 1. Acknowledgement of, respect for and balance between the rights and interests of the organisation’s various stakeholders.
- 2. Commitment by the organisation’s senior management to widely accepted standards of correct and proper behaviour.
- 3. The extent to which conflicts of interest are avoided, such that the organisation’s best interests prevail always.
- 4. Addressing shareholders’ rights to receive, and if necessary query, information relating to the stewardship of the organisation’s assets and its performance.
- 5. The ease with which an outsider can meaningfully analyse the organisation’s actions and performance.
- 8. The topic of SME corporate governance is gaining much more interest in recent decades because SMEs are seen ___________ as the foundation for future economic growth and innovation.